Debt Advisory Services
Cork Gully provides a range of advisory services designed to assess, monitor and proffer restructuring and recovery options for businesses in financial distress. These measures can be an effective early warning system for a business in trouble if deployed promptly and may reduce the need for more formal insolvency solutions.
Our work is divided into four categories:
Cork Gully's Viability Reports provide an overview of the issues facing a business, principally focusing on its liquidity and ability to trade solvently. They are intended to identify the businesses strengths and weaknesses and will recommend actions that may improve the chances of survival. Our report will provide the foundation for options to refinance the business or continue its activities through a restructuring process.
Our Viability Report will identify the issues that are affecting an underperforming business, but it is crucial that the business is closely monitored. At Cork Gully we will provide ongoing Monitoring and Advisory Services which assess the company’s position on a weekly, daily or hourly basis depending on its operations and activities. This ensures that any recovery strategy is being appropriately implemented. This approach enables the Board and Management to accurately gauge progress whilst lenders’ positions and securitisation are not corroded further.
At Cork Gully we regularly undertake Viability Reviews, followed by Monitoring and Advisory services, and believe there are significant practical and cost advantages to using the same firm for both activities.
At Cork Gully we work with the Board and Management to come up with a viable rescue plan. First, we will conduct a top down review of the business to determine the nature, size and complexity of the problems we are dealing with. The business may have previously had external advice from turnaround consultants and initiatives to improve performance may have been implemented. However, if problems persist a more robust solution may be required such as breaking up the business, shutting down parts that are not profitable or putting the company into administration.
We will quickly pull together a plan based on our understanding of your company’s business and the difficulties it faces; presenting a range of strategic options to the Board that may ensure its survival. Our report will address the immediate issues, any lending requirements and provide a comprehensive business plan.
We will also advise the Board on managing customer, supplier and employee communications in periods of uncertainty and apprehension.